Thank you @JayATO,
In this scenario,
1) Can the minor benefits exemption apply?
2) If company issued credit cards were used by the said employees in purchasing the light meals, is this considered as property benefit?
3) are these tax deductible?
Thank you.
Hi @mjc2024
From what you've said, even though the frequency varies, this is a regular part of your employees role. That means it wouldn't be eligible for a minor benefits exemption.
The method of payment doesn't change the status of the benefit for FBT. Even if they pay with a company credit card it would still be considered a fringe benefit.
Because FBT is payable it is a deductible expense.
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